Wildfire Building Limited - Period Ending 2016-06-30

Registration number: 06628858

Wildfire Building Limited

Unaudited Abbreviated Accounts
 
for the Year Ended 30 June 2016

R S Porter & Co Limited
Albion Dockside Building
Hanover Place
Bristol
BS1 6UT

Wildfire Building Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2

Wildfire Building Limited

(Registration number: 06628858)
Abbreviated Balance Sheet as at 30 June 2016

	Note	2016  £	2015  £
Fixed assets
Tangible assets		5,719	7,149
Current assets
Stocks		-	57,189
Debtors		27,893	25,973
Cash at bank and in hand		110,808	38,442
		138,701	121,604
Creditors: Amounts falling due within one year		(134,980)	(118,705)
Net current assets		3,721	2,899
Net assets		9,440	10,048
Capital and reserves
Called up share capital	2	1,000	1,000
Profit and loss account		8,440	9,048
Shareholders funds		9,440	10,048

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 January 2017 and signed on its behalf by:

.........................................
Mr Jeremy Robert William Smale
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Wildfire Building Limited

Notes to the Abbreviated Accounts

1

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery etc	20% on reducing balance

Stock, work in progress and long term contracts

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000

3

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

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